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Monday, April 3, 2017

KRONA PLANS PEG TO OTHER CURRENCY






The FT reported over the weekend that Iceland plans to peg the krona to some other currency, probably the euro or the pound. Hard hit by the crisis of 2008 and having all three of its banks go under led to capital controls. The krona is up 20% in the past year, tourism is up 59%, and capital controls were lifted at end-March, resulting in an even stronger inflow. Government officials emphasize that citizens are “still angry. They are sceptical of business, of the banks, of politicians.”..Let Goldman in...



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